Performance Amount definition

Performance Amount means, with respect to a PLP on a specified date, (i) in the case of a Redemption, a number of Performance Units equal to (a) the amount of such PLP's Capital Account balance immediately following the revaluation of the Partnership's assets as of such date pursuant to the definitions of "Gross Asset Value" (paragraph (ii) therein) and "Net Income" (paragraph (iii) therein), divided by (b) the Fair Market Value of a REIT Share; and (ii) in the case of an exchange of Performance Units for the REIT Shares Amount, the same number of Performance Units as determined pursuant to subparagraph (i) above.

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Performance Amount means, with respect to a PLP on a specified date, (i) in the case of a Redemption, a number of Performance Units equal to (a) the amount of such PLP's

Performance Amount means, with respect to a PLP on a specified date, (i) in the case of a Redemption, a number of Performance Units equal to (a) the amount of such PLP’s Capital Account balance immediately following the revaluation of the Partnership’s assets as of such date pursuant to the definitions of “Gross Asset Value” (paragraph

Examples of Performance Amount in a sentence

Notwithstanding the foregoing, a PLP shall not have the right to require the Partnership to redeem, and the Partnership may not redeem, (i) a number of Performance Units held by such PLP in excess of the Performance Amount; or (ii) any Performance Units prior to the second anniversary of their issuance.
Buyer acknowledges that the damages suffered by Seller due to a delay in selling the Property are difficult to determine and that the Specific Performance Amount has been agreed upon, after negotiation, as the parties’ reasonable estimate of such Seller’s damages.
The Arbitrator will have exclusive jurisdiction over, and resort to the Arbitrator as provided in this Section 3.3 will be the sole recourse and remedy of, the Parties against one another or any other Person with respect to any disputes arising out of or relating to any Automotive Revenue Earn Out Amount, Excess Performance Amount or Closing Net Assets.
If the performance period with respect to an award is a period other than thirty-six (36) months, the calculation of the Pro-Rata Performance Amount will be calculated in a manner similar to the above with the denominator being the number of months in the performance period.
The Issuers and the Subsidiary Guarantors agree and acknowledge that the excess of the Contractual Performance Amount over the sum of the principal amount of the then outstanding Notes plus accrued and unpaid interest (the “Liquidated Damages Amount”) constitutes liquidated damages and not unmatured interest or a penalty, and the actual amount of damages to the Holders as a result of the relevant Event of Default would be impracticable and extremely difficult to ascertain.

More Definitions of Performance Amount

Performance Amount means, with respect to each Incentive Allocation Period for each Limited Partner, an amount equal to: (i) the Unit Price as of the end of such Incentive Allocation Period multiplied by the number of Units held by such Limited Partner as of the end of such Incentive Allocation Period (before giving effect to the Incentive Allocation and any corresponding adjustment in Units as of the end of such Incentive Allocation Period), plus (ii) the aggregate amount distributed to or deemed distributed to such Limited Partner during such Incentive Allocation Period or to the General Partner as a Tax Distribution with respect to such Limited Partner during such Incentive Allocation Period (provided that, to avoid double-counting, any future increases in distributions to such Limited Partner or increases in the value of the Units held by such Limited Partner resulting from the application of such Tax Distribution to reduce future Incentive Allocations shall be excluded from calculations of such Limited Partner’s Performance Amount) minus (iii) the Unit Price as of the beginning of such Incentive Allocation Period multiplied by the number of Units held by such Limited Partner as of the beginning of such Incentive Allocation Period, minus (iv) the aggregate amount of Capital Contributions (including deemed Capital Contributions, as provided herein) made by such Limited Partner during such Incentive Allocation Period.

Performance Amount means $600,000 multiplied by the sum of the Performance Expense Multiplier and the Performance Revenue Multiplier (which Performance Amount represents the aggregate variable portion of the purchase price for the Company Shares);

Performance Amount means any amount required to be paid pursuant to Article 10.

Performance Amount means the aggregate sum of the then-current (i) CMLTI ▇▇-▇▇ ▇▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇, (▇▇) BSARM ▇▇▇▇-▇ ▇▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇, (▇▇▇) BSARM 2005-09 Performance Amount, (iv) MLMI 2005-A9 Performance Amount and (v) CWHL 2005-HYB9 Performance Amount.

Performance Amount means an amount equal to the Cash Equivalent of the estimated Termination Amount that would be payable by Pledgor under Section 6(e)(i) of the Agreement, assuming (i) an Early Termination Date were to occur as of that date for an Event of Default with respect to Pledgor, and (ii) Unpaid Amounts were to include all unpaid amounts that have become due and payable under any provision of the Agreement, all as determined in good faith and in a commercially reasonable manner by Secured Party.

Performance Amount means, with respect to each Incentive Allocation Period for each Limited Partner, an amount equal to: (i) (a) the Unit NAV as of the end of such Incentive Allocation Period, multiplied by (b) the number of Units held by such Limited Partner as of the end of such Incentive Allocation Period (before giving effect to the Incentive Allocation and the adjustment in Units as of the end of such Incentive Allocation Period); minus (ii) (a) the Unit NAV as of the beginning of such Incentive Allocation Period, multiplied by (b) the number of Units held by such Limited Partner as of the beginning of such Incentive Allocation Period; plus (iii) the aggregate amount distributed (or deemed distributed) to such Limited Partner by the Partnership during such Incentive Allocation Period or to the Special Limited Partner (or its affiliate) as a Tax Distribution with respect to such Limited Partner during such Incentive Allocation Period; minus (iv) the aggregate amount contributed (or deemed contributed) by such Limited Partner to the Partnership during such Incentive Allocation Period.

Performance Amount has the meaning set forth in Section 2.6(a)(i).

Filter & Search

Related Definitions